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Australian (ASX) Gold Industry Analysis
UpdatedJan 17, 2026
DataAggregated Company Financials
Companies155
- 7D5.3%
- 3M11.3%
- 1Y109.3%
- YTDn/a
The Gold industry is up 5.5% in the last week, with Northern Star Resources up 8.5%. Meanwhile, Predictive Discovery actually underperformed within the industry, shrinking 7.6% in the last week. In the last 12 months, the industry was up 110%. Looking forward, earnings are forecast to grow by 23% annually.
Industry Valuation and Performance
Has the Australian Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 17 Jan 2026 | AU$174.0b | AU$26.4b | AU$4.6b | 28.6x | 38x | 6.6x |
| Mon, 15 Dec 2025 | AU$159.3b | AU$26.4b | AU$4.6b | 28x | 34.8x | 6x |
| Wed, 12 Nov 2025 | AU$147.4b | AU$26.4b | AU$4.6b | 24.5x | 32.2x | 5.6x |
| Fri, 10 Oct 2025 | AU$148.6b | AU$26.4b | AU$4.6b | 23.4x | 32.4x | 5.6x |
| Sun, 07 Sep 2025 | AU$121.5b | AU$26.8b | AU$4.9b | 18.8x | 25x | 4.5x |
| Tue, 05 Aug 2025 | AU$95.0b | AU$22.4b | AU$3.2b | 16.5x | 29.8x | 4.2x |
| Thu, 03 Jul 2025 | AU$102.3b | AU$22.3b | AU$3.1b | 16.7x | 32.7x | 4.6x |
| Sat, 31 May 2025 | AU$108.1b | AU$22.4b | AU$3.1b | 20.3x | 34.9x | 4.8x |
| Mon, 28 Apr 2025 | AU$93.6b | AU$22.2b | AU$3.0b | 19.4x | 31x | 4.2x |
| Wed, 26 Mar 2025 | AU$83.1b | AU$22.1b | AU$3.0b | 17.2x | 27.4x | 3.8x |
| Fri, 21 Feb 2025 | AU$78.6b | AU$20.5b | AU$2.6b | 20.3x | 30.5x | 3.8x |
| Sun, 19 Jan 2025 | AU$77.4b | AU$18.7b | AU$1.8b | 20.8x | 42.3x | 4.1x |
| Tue, 17 Dec 2024 | AU$72.6b | AU$18.6b | AU$1.8b | 21.1x | 40.1x | 3.9x |
| Thu, 14 Nov 2024 | AU$69.5b | AU$18.5b | AU$1.8b | 18.5x | 38.5x | 3.8x |
| Sat, 12 Oct 2024 | AU$69.2b | AU$18.4b | AU$1.8b | 21.5x | 38.7x | 3.8x |
| Mon, 09 Sep 2024 | AU$62.7b | AU$18.3b | AU$1.7b | 20.8x | 37.7x | 3.4x |
| Wed, 07 Aug 2024 | AU$59.4b | AU$16.1b | AU$1.1b | 22.1x | 53.5x | 3.7x |
| Fri, 05 Jul 2024 | AU$56.6b | AU$16.0b | AU$1.1b | 21.3x | 52.7x | 3.5x |
| Sun, 02 Jun 2024 | AU$59.9b | AU$17.1b | AU$1.2b | 21.1x | 50.5x | 3.5x |
| Tue, 30 Apr 2024 | AU$59.6b | AU$17.2b | AU$1.2b | 21.9x | 50x | 3.5x |
| Thu, 28 Mar 2024 | AU$54.1b | AU$16.9b | AU$1.2b | 17.8x | 44.1x | 3.2x |
| Sat, 24 Feb 2024 | AU$47.5b | AU$16.2b | AU$915.3m | 19.7x | 51.9x | 2.9x |
| Mon, 22 Jan 2024 | AU$71.2b | AU$22.9b | AU$1.3b | 22.6x | 52.9x | 3.1x |
| Wed, 20 Dec 2023 | AU$75.6b | AU$22.9b | AU$1.3b | 25.2x | 56.2x | 3.3x |
| Fri, 17 Nov 2023 | AU$71.1b | AU$22.9b | AU$1.4b | 21.9x | 52.6x | 3.1x |
| Sun, 15 Oct 2023 | AU$69.4b | AU$23.1b | AU$1.4b | 21.7x | 50.3x | 3x |
| Tue, 12 Sep 2023 | AU$68.5b | AU$22.9b | AU$1.4b | 19x | 49x | 3x |
| Thu, 10 Aug 2023 | AU$68.5b | AU$22.5b | AU$572.7m | 17.4x | 119.6x | 3x |
| Sat, 08 Jul 2023 | AU$68.7b | AU$22.3b | AU$554.3m | 16.2x | 123.9x | 3.1x |
| Mon, 05 Jun 2023 | AU$73.2b | AU$22.4b | AU$589.6m | 18x | 124.1x | 3.3x |
| Wed, 03 May 2023 | AU$74.7b | AU$22.4b | AU$582.9m | 19.1x | 128.2x | 3.3x |
| Fri, 31 Mar 2023 | AU$68.9b | AU$22.3b | AU$572.1m | 15.6x | 120.5x | 3.1x |
| Sun, 26 Feb 2023 | AU$60.1b | AU$22.3b | AU$572.7m | 16.8x | 105x | 2.7x |
| Tue, 24 Jan 2023 | AU$69.3b | AU$20.7b | AU$1.1b | 19.5x | 60.7x | 3.3x |
Price to Earnings Ratio
60.7x
Current Industry PE
- Investors are pessimistic on the Australian Gold industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 38.0x which is lower than its 3-year average PE of 62.4x.
- The 3-year average PS ratio of 3.8x is lower than the industry's current PS ratio of 6.6x.
Past Earnings Growth
- The earnings for companies in the Gold industry have grown 59% per year over the last three years.
- Revenues for these companies have grown 8.4% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Australian Gold compare with similar industries?
| AU Market | 1.95% | |
| Materials | 3.64% | |
| Metals and Mining | 3.57% | |
| Gold | 5.30% | |
| Silver | 6.28% | |
| Diversified Metals and Mining | 3.38% | |
| Copper | 2.74% | |
| Steel | 1.72% | |
| Precious Metals and Minerals | -0.94% | |
| Aluminum | -1.80% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NST Northern Star Resources | AU$26.83 | 8.5% +AU$3.0b | 53.8% | PE28.6x | |
| GGP Greatland Resources | AU$12.72 | 10.4% +AU$807.5m | n/a | PE25.4x | |
| RMS Ramelius Resources | AU$4.54 | 9.9% +AU$789.2m | 94.0% | PE18.4x | |
| EVN Evolution Mining | AU$13.12 | 2.3% +AU$609.2m | 134.3% | PE28.8x | |
| CYL Catalyst Metals | AU$9.00 | 24.5% +AU$461.3m | 161.6% | PE25.4x |
